Is Another Inflation Wave Coming? | Hormuz Crisis, Oil Prices & What It Means For India
Edited By WION Video Desk
Published: May 30, 2026, 17:16 IST | Updated: May 30, 2026, 17:16 IST
Just when inflation appeared to be easing, Iran war-related disruptions have rattled global markets. Tensions around the Strait of Hormuz, warnings of shrinking oil inventories and growing supply-chain risks are raising concerns about a new inflation wave. WION's Kanishka Sarkar discusses with economic expert, Dr Jayant Menon, how higher oil prices could impact fuel costs, food inflation, EMIs, savings and economic growth in India.
trending videos
)
Parliament Monsoon Session Set for Showdown | Rahul Gandhi Targets Amit Shah | Kargil Vijay Diwas
)
Iran Condemns Alleged Ukrainian Attack on Commercial Vessel in Caspian Sea | Iran- Ukraine News
)
US-Iran War: Trump ready to bomb Tehran, deploys B-1 bomber, envoys flee city
)
PM Modi Announces Exam Reform Task Force | Iran Tanker Blast | Ukraine War | Houthi Attack
)
VIDEO | Rape, religious conversion, blackmail: Wife of Air Force official makes serious allegations on former classmate
)
Europe Battles Deadly Wildfires | 300,000 Evacuated Across Spain and France | Emergency Declared
)
New UNESCO wonders worldwide, Mayan legends & a bike chef in Denmark
)
Pralhad Joshi takes charge of Education Ministry after Dharmendra Pradhan resigns | NEET Protest
)
Houthis target Jizan, Yanbu oil facilities with missiles and drones
)
23 Missing After Vietnamese Cargo Ship Sinks in South China Sea | Massive Rescue Ops Underway
)
120 Bahadur, Border, Uri: The Surgical Strike: The Changing Face of Indian War Films
)
India's Medal Hope Tulika Maan Suspended Before Commonwealth Games | What Is a Whereabouts Failure?
)
CJP ends 37-day Jantar Mantar protest after government accepts all demands | Neet Protest
)
Russia-Ukraine war: Ukraine's armed forces strike Russian warship in Caspian Sea
)
Iran Warns of Wider West Asia War | Zelenskyy Accuses Russia | India Issues Black Sea Advisory
)
UK Elections: Opinion Polls Predict Debacle for Labour in Upcoming UK Elections
)
Dharmendra Pradhan Resigns as CJP Calls Off Protest | Opposition Demands Education Reforms
)
WION Health Pulse: India's pharma power | Global healthcare lifeline
)
Dharmendra Pradhan resignation: Expert explains BJP's next move & CJP protest impact
)
10,000 km-long cloud band may revive monsoon across India
)
Iran Warns of Wider West Asia War | Houthi Strikes Saudi Aramco |US, Israel, Saudi Tensions Escalate
)
Canada-US Trade War Escalates As Gordie Howe Bridge Opens Without US Officials
)
Israel considers buying US-made P-8 Poseidon
)
India NEET row: Oppn demands greater accountability from Centre over NEET
)
Iran-US Conflict Update | Houthis Target Saudi Arabia | Ukraine Accuses Russia | Spain Wildfires
)
China's Gold imports hit highest level since 2024 | Gold demand surges as prices fall
)
Tulika Maan Suspended From Commonwealth Games | What Is a Whereabouts Failure?
)
France deploys military aircraft to battle wildfires
)
Houthis Target Saudi Oil Tankers | Red Sea Blockade Escalates | US Faces New Middle East Crisis
)
Russia-Ukraine war: St. Petersburg key economic hub of Russia hit
)
China: Bitchat Taken Down Over Regulatory Orders | Still Available Outside China
)
Cauvery Water Dispute: CM Vijay to hold crucial talks with Karnataka over Mekedatu Dam
)
India Flood Crisis: Assam Death Toll Rises, Gujarat & J&K Hit by Torrential Monsoon Rains
)
Europe Wildfires Rage On | Spain and France Battle Deadly Blazes | Thousands Evacuated
)
India: Rameshbabu Vaishali Secures 2026 Women’s Candidates Victory
#Metoo haunts Malayalam cinema: Actor Mohanlal breaks silence on sex scandal
)
West Bank Violence Escalates as Settlers Torch Mosques, Israel Conducts Raids | West Asia Crisis
)
Russia-Ukraine War | 12 Killed in Zaporizhzhia Strike | Zelenskyy Warns of New Russian Mobilization
)
Trump pledges security and economic support for Lebanon
)
Iran warns of wider West Asia War | Zelenskyy accuses Russia of aiding Iran | India issues Black Sea Advisory | Spain Wildfires
)
Iran War Expands Beyond Red Sea? Tehran Warns Ukraine After Vessel Strike in Caspian Sea
)
Russia-Ukraine war: Russia activates nuclear beast Admiral Nakhimov amid war
)
Japan govt to impose tougher requirements for permanent residency
)
Europe Loses LNG Bidding War to Asia | World Business Watch
)
Australia Refinery Fire: Refinery Pumps Out About 10% of Australia's Fuel
)
Wangchuk hails 'Victory of Democracy' as CJP ends historic Jantar Mantar protest